Overview
Media company's Q4 revenue beats analyst expectations
Adjusted EPS for Q4 beat analyst expectations
Company completed acquisition of remaining 17% of RLJ Entertainment
Outlook
AMC Networks did not provide specific financial guidance for future quarters or year in its press release
Result Drivers
STREAMING GROWTH - Streaming revenue increased 14% in Q4, driven by price increases, becoming the largest revenue component for Domestic Operations
AFFILIATE REVENUE DECLINE - Affiliate revenues fell 13% due to basic subscriber declines
ADVERTISING REVENUE DROP - Advertising revenues decreased 10% due to linear ratings declines and lower marketplace pricing
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $594.80 mln | $581.75 mln (6 Analysts) |
Q4 Adjusted EPS | Beat | $0.64 | $0.57 (7 Analysts) |
Q4 EPS | -$1.26 | ||
Q4 Adjusted Operating Income | Beat | $103.56 mln | $86.34 mln (6 Analysts) |
Q4 EBIT | -$50.86 mln | ||
Q4 Free Cash Flow | $40.45 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the broadcasting peer group is "buy."
Wall Street's median 12-month price target for Amc Networks Inc (Nevada) is $6.00, about 21.9% below its February 10 closing price of $7.68
The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 3 three months ago
Press Release: ID:nGNX2ldjWG
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)